Lloyds of London is experiencing its own technical challenges. All external connectivity has been turned off, including Lloyd’s delegated authority…

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Lloyds of London is experiencing its own technical challenges.

All external connectivity has been turned off, including Lloyds delegated authority platforms,” a Lloyds spokesperson was cited by The Record as saying. We have informed market participants and relevant parties, and we will provide more information once our investigations have concluded.”

Lloyds is a complex market of the old and the new and one of, if not, the worlds oldest insurance markets. With Lloyds cyber insurance policy underwriting making headlines recently, one hopes that it is not a cyber incident that affects Lloyds ability to support the insurance industry.

It comes at a time when there’s allot of conversation about cyber insurance and the ability of the industry to effectively and efficiently underwrite the risk, increased regulatory oversight and the ability of the re-insurance market to cover a systemic risk.

Rational for a hack : https://lnkd.in/evCiFiPG

Ted Dziekanowski

#cybersecurity #cyberriskmanagement #cyberinsurance

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